Full repayment of credit card debt

bohma2000

I ran up a debt with a credit card company about 2 years ago of about £4,500 and was then taken Ill and had to resign from my job. Since then I have been on benefits.

When this all kicked off I contacted CCCS and, as they suggested, I wrote to the company, informing them of my situation and offering to pay a token amount of £1 until my situation improved.

Despite some horror stories I have read in this forum, they were very understanding and agreed to accept this and they even froze the interest. They have also been sending me monthly statements showing the total amount owing, less my £1 payments.

I have recently inherited some money and am in the position to pay off this debt in full. What I would like to know is, are they likely to accept a cheque for the outstanding balance as per my statement or could they load a lot of other charges on top?

chanz4

they wont charge you for cheque payment

bohma2000

Thanks for the reply but what I meant was, could they charge me any additional interest or a settlement fee?

cos_2

Personally, I'd pay the balance amount showing on the last statement by cheque. It's clear they've worked with you to suspend interest accrual on your account and I think it unlikely they'll suddenly find additional charges to apply.

Good luck.

McKneff

Why not look at from the other perspective, ask them what they will take as a full and final settlement.

You never know, they may just fall for it.

Good luck and let us know how you get on.